BSECompany Update2d ago · 27 Jul 2026, 03:28 pm
Announcement under Regulation 30 (LODR)-Press Release / Media
Nelcast Ltd · 532864
✦ AI Summary▲ PositiveResults
Nelcast Ltd, a leading producer of Ductile and Grey Iron castings in India, announced its financial results for the first quarter ended June 30, 2026. The company reported a marginal growth of 2.8% in total revenue, with EBITDA standing at Rs. 20.1 Crores and PAT at Rs. 5.1 Crores. The company's new product launches and improving demand trends are expected to contribute to growth and margin expansion in the coming quarters.
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Governance Concern1/10
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Nelcast Ltd - 532864 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
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27th July 2026
BSE Limited National Stock Exchange of India Limited
Listing Operations Listing Department,
Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G,
Dalal Street, Bandra Kurla Complex, Bandra (E),
Mumbai - 400 001 Mumbai - 400 051
Maharashtra, India Maharashtra, India
BSE Script Code: 532864 NSE Script Code: NELCAST
Dear Sir/Madam,
Sub: Press Release on the Unaudited Financial Results of the Company for the
quarter ended 30th June 2026
We are enclosing the Press Release on the Unaudited Financial Results of the
Company for the quarter ended 30th June 2026.
We request you to take this information on record.
Thanking you.
For Nelcast Limited
(S.K. Sivakumar)
Company Secretary
Nelcast Reports Q1 FY27 Results;
Healthy Demand Momentum and New Product Launches Support Outlook
Chennai, India | July 27, 2026 – Nelcast Ltd (referred to as the “Company”; NSE Symbol: NELCAST, BSE Scrip
Code: 532864), a leading producer of Ductile and Grey Iron castings in India, announced its financial results
for the first quarter ended June 30, 2026.
Commenting on the Results, Mr. Deepak Reddy Ponnavolu, Managing Director & CEO of Nelcast, said
“Nelcast delivered a steady performance in Q1 FY27, supported by healthy demand across its key end markets.
The tractor and commercial vehicle segments continued to witness strong momentum, while exports recorded a
sequential improvement during the quarter, reflecting encouraging demand trends. Profitability during the
quarter was impacted by temporary factors, including elevated raw material costs arising from geopolitical
developments and labour availability constraints across the industry. We have initiated price revision discussions
with customers, and the benefits of these measures are expected to be realized gradually over the coming quarters.
A key highlight for us is the commencement of production for new products during Q2 FY27. These programs are
expected to progressively ramp up through the year and contribute meaningfully to volumes and revenues by the
second half. In parallel, we expect capacity utilisation to improve as demand strengthens and new product
volumes scale up. We also continue to make steady progress in expanding our customer relationships across
Europe and have secured new business opportunities that strengthen our long-term growth pipeline.
Beyond the near-term operating environment, we believe the Company is at an important inflection point. With
new product programs ramping up, customer additions gaining traction, exports improving and utilisation levels
expected to rise, the foundations are being laid for the next phase of growth, positioning Nelcast to create
substantially greater value in the years ahead."
Consolidated Performance Highlights
(In Rs. Crores, unless otherwise mentioned)
Particulars Q1FY27 Q1FY26 YoY
Total Revenue 345.4 336.0 2.8%
EBITDA 20.1 32.4 (37.9)%
EBITDA Margin % 5.8% 9.6% (381) bps
EBITDA/kg (in INR) 9.5 14.7 (35.5) %
PAT 5.1 12.5 (58.9)%
PAT Margin % 1.5% 3.7% (223) bps
NELCAST LIMITED
159 TTK ROAD, ALWARPET, CHENNAI – 600018 / www.nelcast.com
Q1 FY27 Financial Highlights:
• Total Revenue stood at Rs. 345.4 Crores in Q1FY27 against Rs. 336.0 Crores in Q1FY26, marginal
growth of 2.8%
• EBITDA stood at Rs. 20.1 Crores; Margin stood at 5.8%, impacted by an increase in input costs
amid macro headwinds
• PAT stood at Rs. 5.1 Crores in Q1FY27
Sector-wise Revenue
SEGMENT WISE REVENUE BREAK-UP
Q1FY26 Q1FY27
% % % %
2 .5 3 1 .5 3 % 5
% 1 .7
1 .5 3 4 .3 3
% % % % % %
5 .2 5 .0 2 .3 5 .3 6 .0 4 .0
M&HCV TRACTORS EXPORTS RAILWAYS OFF-HIGHWAY EQUIPMENT OTHERS
Outlook for FY27
• Export recovery, new product ramp-up and an improving product mix support sustained growth and
margin expansion.
About Nelcast Ltd
Incorporated in 1982, Nelcast manufactures grey and ductile castings for the M&HCV and tractor industry
segments. Around 30-35% of its overall revenues is also generated from export markets. Key products supplied
to its M&HCV clients include differential carriers, differential cases, bogie suspension brackets, and conventional
brackets, among others. For the tractor segment, the company’s major products are transmission casing, centre
housing, axle housing and hydraulic lift cover. It also supplies base plates and brake discs for metro rail projects
and the railways respectively. Nelcast has an aggregate installed production capacity of 160,000 tonnes per
annum. Its factories are located at Ponneri in Tamil Nadu, and at Gudur and Pedapariya in Andhra Pradesh.
Contact Details
Nelcast Limited Ernst & Young LLP
S. K. Sivakumar Abhishek Bhatt
CFO & Company Secretary Vikash Verma
E-mail: nelcast@nelcast.com Email:abhishek.bhatt3@in.ey.com/vikash.verma1@in.ey.com
For further information on Nelcast Limited, please visit www.nelcast.com
Safe Harbor
This release contains statements that may contain “forward-looking statements” including, but without limitation, statements relating to the
implementation of strategic initiatives, and other statements relating to Nelcast Ltd future business developments and economic performance.
While these forward-looking statements indicate our assessment and future expectations concerning the development of our business, several
risks, uncertainties and other unknown factors could cause actual developments and results to differ materially from our expectations. These
factors include, but are not limited to, general market, macro-economic, governmental and regulatory trends, movements in currency
exchange and interest rates, competitive pressures, technological developments, changes in the financial conditions of third parties dealing
with us, legislative developments, and other key factors that could affect our business and financial performance. Nelcast Ltd undertake no
obligation to publicly revise any forward-looking statements to reflect future / likely events or circumstances.
NELCAST LIMITED
159 TTK ROAD, ALWARPET, CHENNAI – 600018 / www.nelcast.com